SERVE IN SOLIDARITY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY2024 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAprrAL) COMPANY REGISTRATIOIY IYUMBER N1073601 CHARITY REGISTRATION NUMBER NIC 100037 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
SERVE IN SOLIDARITY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 CONTENTS Page Officers and other information Report of the Chairperson Trustees, Annual Report 4-16 Statement of Directors Responsibilities (in respect of the financial statements) 17 Report of the Independent Auditors to the Members, 18-19 Accounting Policies 20-22 Statement of Financial Activities (incorporating the income and expenditure accoun 23 Balance Sheet 24 Statement of Cash Flows 25 Notes to the Financial Statements 26-29
SERVE IN SOLIDARrrY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 OFFICERS AND OTHER INFORMATION Directors Diarmaid Ua Bruadair Noel Gerard Kehoe Leanne Kelly Gerard O'connor Ronan Cunningham Chairperson Gerard O'Cotu]or Secretary Diarmaid Ua Bruadair Programmes and Administration Manager Paula Quigley Development Programme Manager John Mccarthy Registered Office At Ihe Offices of.. O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfast, BTI19AB Auditors O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belf&s1 BTI19AB Bankers Danske Bank Business Banking POBOK 183 Donegall Square West Belfas¢ BTI 6JS Company Registration Number Nl 073601 Charity Registration Number XT 167512 Webslte véww.serve.ie Charity Commission for Northern Ireland Registration Number NIC 100037 Page I
SfRVE IN SOLIDARITY IRELAND (being a company limiled by guaranfee and no¢ having u shure capital) CHAIRPERSON'S STATEMENT FOR THE YEAR ENDED 31sf JANUARY 2024 Africa's young people are ellergetic, smart, vibrant, creative and entrepreneurial Ivith a readiness to solve the challenges faced by Africa. With the right tools, eduLation resources and encouragenjent, these young people represent a living solution to the daunting challenges faced by the Africa Continent from hunger aiid unemployment to climate change and poor sanitation. Both the SERVE "Skills for Youth Resilience" and "Digital VET for Young Africans ID-VETYA)" programmes deliver the right tools, education, resources and encouragement to support young people in Zimbabwe, Mozambique and Zambia to forge brighter futures where they achieve economic and emotional resilienee and contribute creatively to their loeal communities. Between 2021-2023, the Irish Aid funded 'Skills for Youth Resilience, programme has supported 5,977 young people acquire skills, micro-credit, enterprise kits, mentorship and the confidence to move towards employment and income generation. The D-VETYA programme ambitiously aims to open digital access to over 7,500 disadvantaged young people to Young Africa's (YA) eLearning Platform. and also, to develop and rollout a Digital Postgraduate Service Toolkit. The Directors clearly outline under objective two in the review of the activities of the eharity in the attached report a summary of the impressive outputs and outcomes achieved in Year 3 of the SYRP and Year l of the D-VETYA programmes. SERVE a150 during 2023 supported other impactful development project5 in Zambia, India, Philippines, Ethiopia and South Africa and a humanitarian intervention in Syria. 12m happy to report that post the pandemic- that in 2023 SERVE< skilfully implemented international volunteer programmes to India, Zambia and Mozambique. I Ivas delighted to attend the evaluation conference in Galway and to listen to the positive experiences shared by the assigned volunteers. The SERVE Think Global Act Local creatively engaged forty-six young people in an impressively delivered hvelve-month global citizenship initiative. The fundraising climate remains dallnting in Ireland for many charities and SERVE were not immune to such challenges. The £35?68 raised by SERVE in the North of Ireland during 2023 plays an important role in helping SERVE to achieve it5 objectives. The Directors offer a comprehensive report with accompanying financial statements that offers oversight and analysis of the achievements and challenges faced by SERVI dllring 2023. 2023 represented the fifteenth year of operations for SERVE ill the north of Ireland. The SERVE Nl Board and the SERVE volunt¢¢r base are an important component in the SERVE family.
SERVE IN SOLIDARITY IRELAND (being a company limited by guarantee and nol having u share capitul) CHAIRPERSONYS STATEMENT ST FOR THE YEAR ENDED 31 JANUARY 2024 I would like to thank each of the Board members for their dedication and commitment. I would like to express my admiratfton and warm respect for the SERVE team. I would like to express sincere gratitude to those who have contribuled financially to the work of SERVE during 2023. I would like to thank the SERVE alumni. I am very appreciative of their financial and human generosity. I would like to thank our international partners and especially Young Africa. Both SERVE and Young Africa celebrated threshold birthdays during 2023. In reading the various reports and external evaluations furnished during 2023 and celebrating the stories of change forged by the SERVE programmes I am particularly struck by the impact created by the empoiverment of women in the projects in the countries where SERVE works. When Ivomen are empowered, they empoiver communities and nations. I am delighted Ivith SERVE'S new Strategic Plan 2024-2027. It is ambitious and focused. It is Ivorth supportingg Thank you to all who help Shape our strategy for the years ahead. John Gerard O'connor Chairperson SERVE IN SOLIDARITY IRELAND
SERVE IN SOLIDAIUTY IRELAND (being a company limiÈed by guarantee and not having a share capital) DIRECTOR'S REPORT FOR THE YEIIR ENDED 31ST JANUARY 2024 The directors present their report and the financial statements for the year ended 31st January 2024. I. STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status The organisation is incorporated as a limited company since August 25th 2009, under Companies (Northern Ireland) Order 1986. The company registration number is N1073601. It is registered as a charAty in Northern Ireland with registration number XT 16752. The charity has three registered members. The directors are elected at Annual General Meeting by the members present. The organisation is also ineoryorated in the Republic of Ireland as a company limited by guaranteed not having a share capital. It is incorporated under the Companies Aets 2014. The objective of tbe company is to relieve third world poverty. It is A charity registered with the Charities Regulatory Authority and has been granted tax exemption by the Revenue Commissioners in Ireland, with registered charitable taxation No: 18154. The Registered Charity Number is 20069094. This company has ten registered members. The number of members may be increased from time to time by vote of the said members. The directors of the company are appointed by the members. Distinct and separate financial statements are prepared and filed for both charities. The financial statements are not consolidated. Board ofDirectors The directors who served the company during the year were as follows: Gerard O'connor Diarmaid Ua Bruadair Noel Gerard Kehoe Ronan Cunningham Leanne Kelly BoardAppoinlments Directors are recruited through a combination of both external and internal networking. Candidates for appointment to the Board are prioritised based on the Board's requirement5 for expertis¢ from time to time: for example, in the areas of developD]ent, finance, marketingy law, fundraising or governance. It is intended that the Board should coniprise of a balance of expertise and disciplines. Directors receive induction training upon selection and are subject to a 3ix- month initial trial before formal appointment. The board's directors are drawn from diverse backgrounds-
SERVE IN SOLIDAIUTY IRELAND (being a company limited by guarantee and noi having a share capital) DIRECTOR'S REPORT FOR THE YEAR ENDED 31ST JANUARY 2024 including finance, development, legal, missionary) youth and community, who bring to the Board significant professional and decision-makiJAg skills achieved in their respective fields, together with a broad range of experience and views. There are no emoluments paid to directors. SERVE In Solidarity Ireland has developed a template where the board receives timely information at appointed times aeross the agreed principal areas of activities and concern. This template is prepared in a calendar format Jvhich ensures that relevant issues are considered by the Board. The Board met four times during 2023. Internal ControLs Tbe directors a¢knowledge their overall responsibility for SERVE In Solidarity Irelandl3 systems of internal control and for reviewing its effectiveness. The Board has established a process of compliance which addresses the Boards wider responsibility to maintain, review and report on all internal controls, including financial and operational. There are six key pillars that give assurallces about internal controls. Key elements of the internal control systems incRude: I. SERVE has clear policies and procedures in plaee for the receipt, recording and control of donations received from private individuals and from other sources. 2. Procedures and Control systems are formally documented in 2 series of partnership and project agreements. Internal control reviews of partners are completed and documented as well as internal audits. The agreements and reviews are appraised on a bi-annual basis. 3. There is a fornial organisational structure in place with clearly defined lines of responsibility, division of duties and delegation of authority. 4. A detailed budget is prepared annually Ivhich is in line with the strategic plan and approved by the Board. Actual results and service outcomes are compared regularly against budget and prior year to ensure alignment with budget, tight administration control and value for money. 5. A sub-committee focused on audit reports independently to the Board on all aspects of controls and risks. 6. The Board maintains a reserve policy that exceeds the minimum recommended for charities (three months reserves) to mitigate the increasing risks of the uncertain economy and to ensure sustainability of our services. Our actual reserves would not have been less than fifteen months during 2023.
SERVE IN SOLIDARITY IRELAND (being ft company limited by guarantee and not having a share capilal) DIRECTOR'S REPORT FOR THE YEAR ENDED 31ST JANUARY 2024 Decuion Making and Mdnagemenl The directors are responsible for the implementation of the strategic plan, ensuring the organisation is effective in the delivery of its activities and accountable for the resources under its control. The SERVE directors in tbe Republic of Ireland delegate significant responsibility to the Programmes and Administration Manager, and the Development Pro(Tramme Manager. Both, the Programmes and Administration Manager, and the Development Programme Manager, report directly to the Board. There are clear distinctions between the roles of the Board and the Programmes and Development Manager, to which the day-to-day management is delegated. Responsibility for the implementation of the internal control systems is delegated to management. Matters reserved to the Board and those delegated to the Programmes Manager, and the Development ManAger, are outlined in the Organisation's Governance Manual. The Programmes and Administration Manager is the key person with delegated responsibility for the day-to-day management of the Company in the North of Ireland. Direclor's responsibilities in relalion lo the Financial Statements The dArectors are responsible for preparing the Director's Report and the financial statements in accordance with applicable laws and regulations. Company law requires the directors to prepare financial statements giving a true and fair view of the state- of- affairs of the company and the net income or expenditure of SERVE for each financial year. Under that law tbe directors have elected to prepare the rinancial statements in accordance with FRS 102: the Financial Reporting Standard applicable to the UK and Republic of Ireland ('relevant financial reporting frameivork,). In preparing these financial statements, the directors are required to: Select suitable accounting policies for the company financial statements and then apply them consistently. Make judgements and estimates tbat are reasonable and prudent. Observe tbe methods and principles in the Charities SORP. State whether the financial statements have been prepared in accordance with the applicable accounting standard5, identify those standards, and note the effect and the reasons for any material departure from those standards: and
SERVE IN SOLIDAIUTY IRELAND (bein a company limited by guarnnlee and noi having a share capilal) DIRECTOR'S REPORT FOR THE YEAR ENDED 31ST JANUARY 2024 Prepare the fanCIAl statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records whieh disclose Ivith reasonable accuracy at any time the financial position of the company. Rifk Management The directors have responsibility for and are aware of the risks associated with the operating activities of SERVE. They are confident that adequate systems of internal control are in place and that these controls provide assurance against such risks. Tbe board updated SERVE?s the risk register in December 2023. Transparency and Accountability The Directors of SERVE In Solidarity Ireland, in the North of Ireland, are satisfied, that there are no incidences of fr8ud or gross financial management among its key partners. The Directors in the Republic of Ireland reported similarly for th¢ year ending January 315t 2024. SERVE'S partners are externally audited by registered in- country auditors. audit reports and management letters are examined by SERVE'S management and board members in line with our financial policy. It is the current opinion of our partner's independent auditors that their respective financial statements give a true and fair view of the state-of- affairs of each partDer. SERVE also completes 2 number, of annual financial monitoring visits to international partner5. SERVE also reviews partner's financial policy and procedures and holds independent discussions with partner's financial managers as part of routine monitoring and evaluation processes. Review of partners other doDor's reports and audits provide further security regarding fanCial management procedures. Nelworky and Consorlia SERVE is committed to a strategic alliance with Young Africa International. Strategic partnership with international partners and organisations is seen as a key vehicle for SERVE'S macro level engagement and international advocacy. SERVE NI benefits from SERVE'S membership and partnership with Comhlamh and Dochas and IDEA.
SERVE IN SOLIDARITY IRELAND (being a company limited by guarantee and not having a share capital) DIRECTOR'S REPORT FOR THE YEAR ENDED 31ST JANUARY 2024 2. OBJEI CTIVES OF THE CHARITY SERVE is a development and volunteering organisation committed to taclding poverty in the developing world. Inspired by the belief that 'Solidarity in Action, ¢An improve the lives of the most vulnerable, SERVE Ivorks in partnership with local communities and organisations. Our work is rooted in strategie cooperation with Irish communities at home and abroad. Since inception, SERVE has supported initiatives in Southern Africa, Southeast Asia and South America. Our development programmes have a strong focus on helping yOUDg people gain employment or start and develop their businesses, offering high-quality and holistic vocational and educational learning opportunities. SERVE'S vision is of a Ivorld where every young person has opportunity to realis¢ their potential and contribute to positive and sustainabl¢ change in their societies. A world where fairness, equality and a belief in shared humanity prevail. SERVE'S Values: Solidarity- We stand in support of all those we work with, united in our concern on issues of social justice and equality. Commitment- We are committed to working through partnership9 to collaborating with our partners in good times and bad, in a spirit of mutual respect and responsibility, Shared values and local ownership. We are committed to young people, to allowing their voi¢e5 to guide our work, and to doing iyhatever we can to help them thrive. Youth Potential- We believe in the limitless potential of young people and choose to focus on them as they key to a brighter future for their communiti&8 and our world. We value empoivernient, collaboration, innovation and Creativity in response to their needs. Accountability- We hold ourselves and one another responsible for ensuring that we deliver impact, and that our work is underpinned by transpareneyy integrity and learning. Respect- We value the equal dignity and worth of all peopl& rooted in our shared humanity. We are grounded, authentic and true to ourselves.
SERVE IN SOLIDARITY IRELAND (being a company limiled by guaranlee and not having a share capilal) DlliECTOR'S REPORT FOR THE YEAR ENDED 31ST JANUARY 2024 3. REVIEW OF THE ACTIVITIES OF THE CHARITY The Direeton set six main objectives for 2023: l. To successfulty implement Year Three of the SERVE SYRP programme in Mozambique and Zimbabwe and to seek Irish Aid funding for a further there to five-year period. 2. To successfully implement the EU funded Digital Vocational Education Technieal programme in Zimbabwe, Mozambique, Zambia and Namibia. 3. To seek funding for a newly designed SERVE approach to global citizenship education. 4. To prioritize strategy towards achieving sustainability. S. To proactively engage the SERVE alumni in celebrating the SERVE 20th anniversary. 6. To develop a new SERVE Strategic Plan for the period 2024-2028. The progress made in 2023 in respect of the key objectives is detailed as follows: Objective I: To successfully implement Year Three of the SERVE SYRP programme in Mozambique and Zimbabwe and to seek Irish Aid funding for a further there to five- year period. The Directors report outlines the results for the period July iat 2023, to June 30th 2024 representing Year 3 of 3 of the Irish Aid funded Skills for Youth Resilience Programme (SYRP) 2021-2024. While the SERVE In Solidarity year-end is January 31$t the third year of the Irish Aid funded programme began in July 2023 and continued until June 2024. E280,000 was received from Irish Aid in support of this programme. The funds Ivere received from Irish Aid on August 3rd 2023. The Programme is being implemented with Young Africa Zimbabwe (YAZ) in the peri- urban eommunAties of Chitungwiza and Epivorth. Young Africa Mozambique (YAM) in the peri-urban community of Manga and the rural community of Dondo. and Young Africa Hub (YAH based in Zimbabive, with a role of overseeing all Affiliates and improving and expanding the YA model). The project components are focused on (i) Skills for Economic Resilience. (li) Skills for Emotional Resilience. (iii) Organisational Resilience.
SERVE IIY SOLIDARITY IRELAND (being a company limiled by guarantee and not having a share capital) THE DIRECTORSY REPORT CONTINUED FOR THE YEAR ENDED 31ST JANUARY 2024 The development outputs achieved in Year 3 of this three-year programme (July 2023 to June 2024) include: 3,104 young people completing skills training for employment and life skills training. 219 young people awarded scholarships. 116 young people from Mount Danvin in Zimbabwe's Mashonaland Province completed skills training through YA Outreach programme. 62 mAcro-credit grants and graduate kits disbursed to students. 66 students completing the Entrepreneurship Bootcamp at the Young Africa Youth Entrepreneurship Hub. 5 Capacity building initiativ¢$ at Young Africa centres. I curriculum development initiative focused on greening of Course modules. 18 pivotal staff retained and funded. 2 internal audit processes completed. 12 international volunteers assigned. The following development outcomes were achieved: 57 % of graduates are engaged in economic activity. 490/0 of graduates in Zimbabwe have a regular incorne. IOOO/D of graduates in Mozambique have a regular income. 38°/o of graduates are managing to save money. 78°/0 of students reporting an improvement in their core technical skills. 8511/0 of students reporting improved life skills knowledge. YA staff reporting satisfaction arising from participation in capacity building initiatives. Franchise model generating income to cover 740/t) of core costs. On March 22nd 2024, Irish Aid infornied SERVE that its 'Skills for Youth Resilienee Programme'(SYRP) application was successful, and SERVE will receive 00,000 per year5 2024, 2025, 2026. 10
SERVE IN SOLIDARITY IRELAND (being o company limited by guarantee and nol having a share capilal) THE DIRECTORS, REPORT CONTINUED FOR THE YEAR ENDED 31sf JANUARY 2024 Objective 2: To successfully implement the EU funded Digital Vocational Education Technical programme in Zimbabwe, Mozambique, Zambia and Namibia. Tbis ambitious programme coordinated by SERVE began on January 1st 2023, and is due to continue until December 2024. The project is being implemented by SERVE and Young Africa (YA). The partnership approach to implementation involves SERVE, YA International Iyetherlands, YA International Africa Hub Trust (Zimbabwe), YA Zimbabwe, YA Mozambique, YA Zambia, YA Namibia. YA provide holistic and accredited Technical Vocational Edue2tion Training (TVET) to marginalised youth through @12-month training courses in 46 disciplines, life skills, entrepreneurship and ICT. The Digital Vet for Young Africans (D-VETYA) programme has five constituent parts: (l) Coordinating and Management. (2) Development of the YA eLearning Platform; (3) Development of the YA Postgraduate Service Toolbox; (4) Improvement of the YA Monitoring Evaluation and Learning System" (5) Impact and Dissemination. SERVE received E159,890 (400/.) from the European Education and Culture Executive Agency (EACEA) to initiate the project. A detailed mid-terni report was prepared by November 2023. 100% of the required project deliverables were Completed by November 2023, and 83 % of the predicted milestones completed. Significant progress has been made on the development of the Young Africa eLearning Platforni and the improvement of the YA MEL System, with technical work led by Spur Technologies in Uganda. Work on the Post Graduate Support is Toolkit slightly behind schedule, as the recruitment process of the technical development work took longer than expected. With the approv81 of the European Education and Culture Executive Agency (EACEA), the delivery dates of some deliverables and project milestones were adjusted. This project on completion will offer enhanced access to TVET opportunities for more than 7,500 disadvantaged youth across Southern and Eastern Africa. SERVE received from the EU the second instalment of É159,890 (40Q/o) in support of this project on Mareh 14th 2024. Objective 3: To develop a refocused approach to global citizenship education. After a gap period of three years SERVE returned to implementing high quality international volunteer programmes assigning volunteers to Mozambique, India and Zambia. Twenty-seven volunteers and seven leaders Ivere assigned to the three eountries. 11
SERVE IN SOLIDARITY IRELAND (being a coryany limited by guaranlee and not having a share capital) THE DIRECTORS, REPORT CONTINUED SERVE was also successful in an application to Irish Aid for funding for SERVE'S Think Global Act Local (fGAL) global citizenship education programme. SERVE received £27,182 from Irish Aid on May 25th 2023. The following activities Ivere implemented: (1) 3 full-day in person global citizenship workshops, focusing on (A) Introduction to the Sustainable Development Goals (SDG'S). (b) Inequality and Social Chanoe and Climate Action, {c) Ethical Volunteeringlsolidarity & Comhlamh's COGP values; (2) 4 online guest speakerl guest facilitator sessions involving speakers from Zimbabwe, Zambia and Ireland. (3) Educational visits to the Scala SDG Youth Village; {4) Setting-up of an education PAdl¢t for the TGAL programme including materiab on (a) Intercultural competence. (b) Impact of Volunteering Overseas on Volunteers. (c) Women Peace and Security. (d) Climate Justice; (e) Resilience as a Global Citizen; (5) North-south Exchange Event- held in July 2023 involving SERVE, the Association for People with Disabilities from India; and partners from Zambia and Mozambique and TGAL participants. (6) Community Action Project focused on Collective Action through Artistic Expression Activity. (7) Residential Debrief weekend held in Galway. 46 participants were directly involved in the global citizenship programme and 710 people indirectly involved. 90 % of participants Ivere retained in the programme over the twelve months; TGAL participants demonstrated increased levels of knowledge about Global Citizenship (GC) issues, improved attitudes towards GC issues and practical actions towards GC over a 12-month period" and participants recorded an improved knoivledge of 4Collective Action through Art15tic ExpressRon' through a workshop and creation of GCE murals. SERVE reported to Irish Aid on this GCE grant on May 13th 2024, and returned É5,520 representing an underspend in the implementation of the programme. Objective 4: To prioritize strategy towards achieving sustainability. The following comparative inforniation offers some salient information about SERVE'S funding base in the North of Ireland: 31101124 35,368 20,000 15,368 000 35,368 35,368 98,606 31101123 26,548 21,505 5,043 000 26,548 26,548 84,580 Total Income (£) Total Restricted Income (£) Total Unrestricted Income (£) Grant Income (£) Voluntary Income (£) From the Irish Public (£) Unrestricted Reserves (£) 12
SERVE IN SOLIDARITY IRELAND (being a company limlted by guarnnlee and not having a share capilal) THE DIRECTORS, REPORT CONTINUED Objective 5: To proactively engage the SERVE alumni in celebrating the SERVE 20th anniversary. The SERVE 20TH celebrations were formally celebrated in November 2023 with a joyous occasion held in Cork city. The celebrations included international partners who travelled from Zambia and Zimbabive. Young Africa International also reached a threshold celebratory age celebratRng 25 years in 2023. SERVE was represented at Celebratory events in the Netherlands. The 20th celebrations presented SERVE with an opportunity to reconneet with its alumni and to plan for the years ahead. Objective 6: To develop a new SERVE Strategic Plan for the period 2024-2028. SERVE dedicated 2023 to advancing a new Strategic Plan. An external consultant was engaged who worked with staff, board members, volunteersg partners and alumni. The plan Ivas finaliz¢d and agreed in the fourth quarter of 2023. The plan documents (a) Highlights from SERVE perfonnance in recent year5; (b) How SERVE works; (c) Our Strategic Focus 2024-2028; (d) Strategic Outcomes; (e) Our commitment to sound governance and compliance. The plan outlines SERVE'S Theory of change and is focused on five outcomes: (l) Preparing young people for employment and credit. {2) Increasing accessibility to livelihood opportunities for young people. (3) Supporting our partners to champion new innovative approaches. (4) Supporting young people in Ireland to critically engage with global development issues" (5) Strengthening SERVE'S Capacity to deliver high quality programmes. 4. OPERATIONAL SUMMARY Developmenl Programme Expenditure on development programmes amounted to £28,587 (2023 £Nil). Grants were allocated to the Association of People with Disabilities (APD), Bangalore, India £3292; Cebu Development, Philippines, £20,000; Tsholofelo Skills Development, South Africa £5,294. Volunteer Progranune There were no costs incurred by SERVE NI in support of the international volunteering programme in 2023. Sinee 2003 SERVE ha5 placed a total of 1,310 volunteers with partners in the developing world. The return of internationaI volunteering programmes in 2023 is warmly Trvelcomed by the SERVE board, international partners, the SERVE 13
SERVE IN SOLIDARITY IRELAND (being a company limited by guarantee and not having a share capital) THE DIRECTORS, REPORT CONTINUED alumni and programme participants. The 2023 volunteering projects were very positively evaluated at a return-volunteer Conference weekend in Gahvay. The SERVE Think Global Act Local programme was ijnplemented in conjunction Ivith the international volunteering programme. SERVE al80 funded an international volunte¢r working as a Monitoring and Evaluation Officer in Zimbabwe. Global Cilizenship Education SERVE remain committed to Global Citizenship Education and ensure that it is an integral part of all SERVE operations. During 2023 the SERVE Think Global Act Local was again successfully rolled out engaging forty-six young adults in a programme delivered principally at the SERVE campus in Scala, Cork, witb some modules delivered through digital platforms. Fair Trade Flip Flop Friday (FFF) in Belfast raised £2,660 during 2024. Fundraising The directors will continue during 2024 to apply strategies that generate new fundraising income streams. S. FINAIYCIAL REVIEW Income and Expenditure The results of the year are set out in the audited statement of financial activities of the organisation on page 22 Ivhich shows a surplus for the year amounting to £5,419 (2023 £24,366). SERVE is a registered Charity in the North of Ireland (XT 16752). SERVE Income in 2023 rose by 260/0 in the North of Ireland. This increase Ivas helped by a legacy and development appeal income in support of the Philippines. Direct Charitable Expenditure was 99 /0 (2023 990/.). Governanc¢ costs and the costs of raising funds 111 total were less than l O/•. 14
SERVE IN SOLIDARITY IRELAND (bein8 a coryany limlted by guarunlee and not hqvlxg ft share capilal) THE DIRECTORS? REIPORT CONTINUED Reserves Policy Unrestriet¢d Income is treated as ineome apart from restrlcted income. It Is income where the donor has not designated the income for a specific purpose. It is used by SERVE in the furtheranee of its work and objectives. Such funds may be held to finance working capital or may be used at the discretion of the organisation for specified purposes thAt are within the aims of the organiyation. The board appraising the administrative and operational costs of the organisAtion, allocates in¢ome from unrestricted income to cover thege costs and may allocate also to programme cojts and carefully reviews the amount required to be held for emergencles and to eover runnlng tosts. There are reserves of £231,295 (2022 £225,876) at the year-end JAnuary 31st 2024 on hold in the North of Kreland. Tbere are three important factor8 relevAnt to An &naly8i8 of these r¢s¢es. (1) £98,606 repreJent8 a prudent unrestricted reserve bglallce. (2) There is £9,166 that relates to long school development In Halti. (3) The remaining re8erve8 of £123,523 18 made up of £1&068 relating to the Philippines; £6,917 related to Tbailand; £2,005 relating to Mozambique; £14,607 relating to South Africa, £1022 relating to Brazfil and India £8,838; £9,579 relgting to ZAmbi&; Solidydrity Fund £40,989, Zimbabwe £1,505, and Ukraine £20,000. There 18 a deficlt ill the Burkina Faso fund of SERVE iy eommltted lo maintaining at A minimum £IS,000 in unrestricted reserves in the North of Ireland. The mlnimum reserve will be increastd proportionally if running Costs increase. Amounts over and beyond the minimum amount will be carefully stewarded in the interests of the oryani38tion And the beneficiaries we 8erve. Reserves will, at all time8* be mgintalned in accordaD¢e with charity regulationj and best practice. The unrestrieted re8erve8 of £98,606 (2022 £84,580) on 31sI January 2024 repre8ent8 a 160/0 in¢reg$e on the previous year. The combined reserves of SERVE between the North of Ireland and the South of Ireland are the equivalent of approximately 15 months (2022 17 months) of tbe running costs of the organhsation. 6. EVENTS SINCE THE YEAR END In the opinion of the Dlrectors the challenges po8ed by cllmate ju$ti¢e and the approprlateness of international flights in the context of climate fragility pose challenge to the higbty regarded SERVE finternational volunteering programmes. The Dire¢tors will continue to jtsdy issues pertaining to elimate ehange. There have been no post balanee 8heet adjustments made to the financial statements. 15
SERVE In SOLIDARITY IR£LAIYD (belng A coryany limiled by g4drftnlee and not having a share cdpital) DlREcfoR'S REPORT 7. PLANS FOR FUTURE PEIUODS Fu£ure Developmenls Securing And retsining reliable sources of funding reniains the key Qhvdllenge for SERVEI over the next number of years. SERVE In Solidarity Ireland Programme Plan for 2024 18 bas¢d on five key objectives: I. To 8uccessfully implement Year l of the 3 Year 1ri8h Aid funded 'SkilLy for Youth ResilAence Programme? 2024-2026. 2. To successfully implement Year 2 of the EU VETYA funded project focused on delivering DigltAI VET opportunit1¢8 for disgdvantaged young people across southern and eastern Africa. 3. To empower and enable Young People Ydt home and over8e4J to understand thelr rlghts and to crfitieally engage with Clobal Development Issue& 4. To priorAtize sustainability At all levels of SERVE. S. To strengthen SERVE)s effectiveness, accountability and Youth-Focus ensllring the necessary skills, Capabilitie8 and quality programmes to deliver its stralegy. On beh&lf of the Board John Gerard O'connor (Ch&iryerson StJkTh fvc Diarmaid Ua Bruadair 16
SERVE IN SOLIDARITY IRELAND FINANCIAL STATLI MENTS FOR THE YEAR ENDED 31ST JANUARY 2024 STATEMEwf OF DIRECTORS RESPONSIBILITIES The directors are responsible for preparing the Directors, Report and the financial statetnents in accordance with applicable law and regulations. Company Law requires the directors to prepare financial statements for each financial year. The Trustees, who are also directors for the purposes of company law, present their report and the fmancial statements of the charity for the year ended 31 st January 2024. The Trustees confirn] that they Comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities.. Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). Under company law the directors must not approve the financial statements unless they are satisfted that they give & true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial statements, the directors are required to: select suitsble accounting policies and then apply them consistently, make judgcnients and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the directors are aware: - there is no relevant audit information of which the company's auditor is unaware. and the directors have taken all steps that they ought to have taken to make themsclves aware of any relevant audit information and to establish that the &uditor is aware of that inforniation, By order f the board: 12th Febru DATE 2025 GERARD O'CONNOR DIRECTOR Page 17
SERVE IN SOLIDARITY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial statements of Serve in Solidarity Ireland (the '¢harity') foT the year ended J l January 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policie5. The financial Teporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Thefinancial Reporting Standard applicable in the UKand Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements: give a true and fair view of the state of the charttable company's affairs as at 31 January 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; have been propei'ly prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS I02) (effective l January 2015) - (Charities SORP (FRS102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),. hav¢ been prepared iu a¢cordan¢e with the requii'ements of the Companies Ad 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitie5 under those standards are further described in the Auditoes responsibilities for the audit of the accounts section of our report. We are independenl of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan¢e with these requiremerjts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not approp.riate- or the trustee5 have not disclosed in the financial ststements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months frotn the date when the financial stateTnents are authorised for issue. Other information The other information comprises the Information included in the annual repor¢ othei. than the financial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our opinion on the financial statements does not cover the other infomiation and we do not express any fonn of assurance conclusion thereon. In connection with our audit of the firncIal statements, our responsibility IS to read the other inforn)ation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such Materi inconsistencies or apparent mateTial rniS5tatements. we are required to deterniine whether there is a material misstatement in the financial statements or a material mis5taternent of the other inforniation. If, based on the work we have perfomed, we conclude that there is a material misststement of this other information. we are required to report that fact. We have nothing to report in this regard. Page 18
SERVE IN SOLIDARITY IRELAND FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Mgtters on which Ive are required to report by exception In the light of the knowledge and understanding of the Trustees and its environment obtstned in the course of the audit, we have not identified material misstatements in the Trustees, ReporL We have nothing to report in respect of the following matters ID relation to which the Companies Act 2006 requires us to report to you if. in our opinion: sufficient accounting records have not been kept. or the fancial statements are not in a'eement with the accounting records. or certain disclosures of tntstees, remuneration specified by law are not made. or we have not received all the inforn)ation and explanation5 we require for our audiL Responsibilities of trustees As explained more fully in the Statement of Tru5tees' Responsibilities, the trustees, who are also the directors of the charity for the pury)ose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal Control as the director5 detemiine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial Statements, the trustees are responsible for assessing the charity's ability to continue as a Boing concern. disclosing, as appllcable, matters related to going concern and using the going ¢on¢em basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so, Auditor's responsibilitl¢s for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the fjnancial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit Collducted in accordance with ESAS WK) will always detect a material misststement when it e.Yists. Misststements can arise from fraud or error and are ¢onsidercd materlal if, individually or in the aggregate, they ¢ould reasonably be ¢xpe¢ted to influence the econoinic decisions of users taken on the basis of these financial statements. A finther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http.'Ilwww.frc.org.uLlauditorsrespoDsibilities. This description forms part of our auditor's reporL This report is made solely to the Charitable company's members, as a body, in #¢¢ordance with Chapter 3 of Part 16 of the Companies Art 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable companls members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiittcd by law, we do not acGept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report. or for the opinions we bave fornled. LAWRENCE SHEARER F.C.A.. Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREIL Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI19AB Dated: 12th February 2025 Page 19
SERVE IN SOLIDARITY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting Thc financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Going Concern At the time of approving the financial statements, the trustees, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees, continue to adopt the going concern basis of accounting in preparing the financial statements. Income Recognition Income is recogniscd when the Charity has entitlement to the funds, any performance conditions attached to the item{s) of income have been me( it is probable that the incotne will be received and the amount can bc measured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably. this is nornially upon notification of the interest paid or payable by the Bank. Resources Expended All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all costs related to the category. Fundraising costs include the costs of advertising, producing publications, printing and mailing fundraising material, and staff costs in these areas. Costs of charitable activities include direct expenditure incurred through opcrational activities. Governance costs represcnt the costs associated with the governance arrangements of the charity which relate to the general ruting of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangible fixed assets are recorded at cost. Pagc 20
SERVE IN SOLIDARITY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 STATEMENT OF ACCOUNTING POLICIES Conlinued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated usefijl lives at the following rates: Office equipment Computer equipment Motor vehicles 20 % residual value 25 % residual value 25 % restdual value Repairs and Renewals All repairs and renewals arc written off as Éncurred Pension Costs The charity does not currently operate a pension scheme. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlernent amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions Crcditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or cstimated reliably. Creditors and provisions are nornially recognfised at their settlement amount after allowing for any trade discounts due. Financi211nstruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet datc. Transactions in foreign currencies are translatsd into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 21
SERVE IN SOLIDARITY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 STATEMENT OF ACCOUNTING POLICIES Continued Fund Accounting Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific future purposes. Restricted funds are those given for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Reserves Policy Unrestricted funds are needed to provide funds which can be applied to specific projects to enable these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited period, should there be a significant shortfall in projected income. The Directors consider it prudent that unrestricted reserves should be sufficient to avoid the necessity of realising fixed assets held for the Charity's use and to cover six months unrestricted expenditure. Page 22
SERVE IN S ARIT OF FINAN IAL R ENDKD 315TJ TIVITI FO EYE 24 UnTeJtrlcted RtriCted Funds Funds TOTAL TOTAL 2024 2023 NOTES INCOME AND ENDOWThMENTS FROM". Donations and legacies Income from investments Inwme from charitsble activities 15,368 20,000 35.368 26548 TOTAL INCOIYIE AND ENDOWNMENTS 15J68 20,000 35J68 2648 EXPENDITURE ON: Expenditure on r4isinB funds Expenditure on charitable tIVitIeS Other expenditure Net 88insl(lossos) on investments 576 1.606 1.342 28.607 29,949 TOTAL RESOURCES EXPENDED 1,342 28,607 29.949 2,182 NET INCOMEI(KXPENDtruKE) 14,(120 (&607) 5,419 24J66 Transfer8 beiw¢en fiJnds NET MOVEMENT FUNDS 14J126 (07) 5,419 24J66 RECONC]LIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 84,580 141,296 225,876 201,510 TOTAL FUTrIDS CARRIED FORWARD 98 131689 231395 225J76 Statement of FlnAnclJl Atti11¢8 In¢lud¢s All gglM3 losse5 In the yegr and thr¢for¢ Statement ofTotsl R¢eogttls¢d Gainj ind L4)85¢8 bi$ noe beon prep4r¢d All of the abov• mounts relat• ¢D ¢ontlnulng actlvltl¢s The i¢¢ompiDylni A¢eoundn8 pTrlltla the llotu fom Tt of tku¢ Ilnanolil AtAttmt#ts Pa8e 23
SOLIDARITY IRtI LAN BALANCII SHEET AS AT318TJANUARY 2024 2024 2023 NOTES FIXED ASSETS Tangible assets CURRCI NT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 233,323 226,824 233,323 226.824 CURRENT LIABILITIES Creditors and accruals (2,028) (948) NET CURRENT ASSETSI(LIABILITIES) 231,295 225,876 TOTAL ASSEITS LESS CURRENT LIABILITIES 231,295 225,876 ACCRUALS AND DEI FERRED INCOME TOTAL NET ASSETSI(LIABILITIES) 231295 225,876 REPRESENTED BY: UNRESTRICTED INCOME FUNDS io 98.606 84,580 RESTIUCTED INCOME FUNDS 132,689 141296 231,295 225,876 APPROVED BY THE DIRKCTORS . GERARD O'COIYNOR DEOR DIARMAID Ua BRUADAIR DIRECTOR DATE 12th Fcbru 2025 DATE 12th Februar 2025 Tht Rccomp*nylng #¢eoMntlng polleles And notes torm part ofthese flnouel81 ¥tstements Page 24
SERVE IN SOLIDARITY IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST JANUARY 2024 2024 2023 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Cash generated from operations 6,499 24,366 Net cash inflowl{oufflow} from operating activities 6,499 24.366 Investing activities nvestment income Purchase of tangible fjxed assets Acquisition of investments Disposal of investments Disposal of tangible fixed assets Net eash fron) investing activities Increasel(decrease) in eash and cash equivalents in the year 6,499 24,366 Cash YdDd c2sh equivalents at the beginning of the year 226,824 202,458 Cash and Casb equiv21ents St the end of the year 233,323 226,824 Relating to: Cash at bank and in hand 233,323 226,824 The ac¢ompanying ACCOUliting policies notes form part of these financill $t¥tements Page 25
SERVE IN SOLIDARITY IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 I. DONATIONS AND LEGACIES Unrestri¢ted Restricted Funds Fund5 Unrestricted Restrictsd Funds Funds 2024 2023 D¢velopm¢nt Appeol Third World Groups Solidarity Gifts Donations Voluntccr Contribution5 Flip Flop Friday 20,000 20,000 21,505 21,505 15 1758 15 2,758 12,708 12,708 2,660 2.660 2,270 2.270 15,368 20.000 35,368 5.043 21.505 26,548 2. IYI COME FROM INVEST1¥IETrs UnrtstrÈeted Restricted Funds Fund5 Unrestricted Restricted Funds Funds 2024 2023 Income from UK listed InvtmentS Income from cash 3. EXPENDITURE ON IL41SING FUNDS Unrestrieted Restricted Funds Funds Unrestricted Restricted Funds Fund5 2024 2023 Promotional and fundraising ¢osts 576 576 576 576 4. EXPENDITURE ON CHARITABLE ACTIVITIES UnrtStrTCted Restritted Funds Fund5 Unrestrieted Restricted Fund$ Funds 2024 2023 Developm¢nl projeLts D¢velopment and Volunteering progTamrnes- administration ¢osts B¢lfa5t Street Outreach Programme Programme for overseas voluntecr cxpenses South Africa-Tsholefelo youth skills development- salary cost5 South Africa-Tshol¢telo youth ski115 dClOpment . support ¢osts Zambia-st Bakit&'s youth dcvelopment- salary costs 7Ambia-Sl Bakila's youth development- support costs D¢TllocTalii Republic of Congo- Health Infrastructure India- development projects India- Association of People with Disabilitie5 Philippines- Capacity Building PrograTlltn¢ Zitnbabw¢- Young Africa Youth Skills Training Mozambique- cyclone emergency re5POllS Mozambique- capital equipTn¢ftt progrtLt)Jne Itnm¢TSion Programme-supporl costs {Profitllloss on disposal of tangible fixed assets Depr¢¢iation 5,294 5.294 3,293 3.293 20.000 20.000 Gov¢rnRnc¢ costs Membership.. training and affiliatioll fees LT and ¢omputer costs Audit fees Bank fees 198 198 490 50 1,020 490 50 1,020 46 1,080 64 1,080 84 20 I,342 28.607 29.949 1.606 1,606 P2ge 26
SERVE LN SOLIDARITY IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIWED 31ST JANUARY 2024 5. NET (OUTGOING)J INCOMING IIESOURCES FOR THE YEAR This is stated after chargingl(crediting) 2024 2023 Auditors remuneration Depreciation 1,080 1,020 6. SALARY COSTS AND EMOLUMENTS 2024 2023 Total staff costs werc as follows., Wagcs and salaries Social security costs Other pension costs Trustees, remuneration and benefits There was no trustees, remuneration or other benefits for the year ended 3 1st January 2024. (2023: £Nil) Trustees, Expenses There wcre no trustees, expenses paid for the year ended 31 st January 2024. (2023.. £Nil) 7. RECONCILIATION OF OPERATING PROFIT TO NET CASH FLOW FROM OPERATING ACTIVITIES FROM OPERATLYG ACTIVITIES 2024 2023 Operating Surplus/(Deficit) for the year Depreciation Movement in debtors Movement in creditors Gain on investmcnts (Profit)/Loss on disposal of Fixed Assets Investment income Net cash inflow/(oufflow) from operating activities 5,419 24,366 1,080 6,499 24 J66 Page 27
'kRVE IIY SOLIDARITI, IRELAIYD iy(Kris I'o THE fiNAIN IAL sfA'fEITrlEiY'rs FOR E YEAR ENDED 31STJAN Y 21J24 8. TANGIBLE FIXED ASSETS oiric¢ Equipineni Compuier Equipmeiit Motor VetLi¢I¢s Toia] COST As at 1st F¢bruary 2023 Additiojjs Disp05als A5 at 31st January 2024 DEPRECIATION As at 1st Febtuary 2023 ChergE for yegr EliminaTed on di5posAI A5 at 315t January 2024 Nct tKok value 2024 Nei bk yu¢ 2023 9. FUND BALANCES Transfer B¢tween Funds Closins Balance 2024 C105ing Balance 2023 Opening Balance Income Expenditure Unrestricttd fundJ 84.580 15.368 {1.3421 98.606 84,580 Restricted funds: Solidarity Fund Thilnd Project BTazil Projecr Phillipines Appeal India ProjeGt B¢ira Proj¢¢t Congo Proje¢t South Africa Appeal Tibiga Project Zalllbia Project Zimbabwe PTOjeCt Ukraine ProJt Haiti projesr 40,989 6,917 1,022 18,088 12,13l 981 40.989 6.917 1,022 1¥.068 8.838 981 40,989 6,917 l.022 18,n88 20.000 120,020) 13293) 981 20,925 {71 9,579 1,505 20,000 9.166 15,294) 15.631 171 9.579 1.505 20.000 9.166 20,925 171 9,579 1.505 20.000 9.166 141,296 20.000 28,6071 132.689 141.296 Pag¢ 28
SERVE IN SOLIDARFfY IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THL YEAR ENDED 31ST JANUARY 2024 10. UNRESTRICTED INCOME FUNDS 2024 2023 Balance at 1st February 2023 Net incomingl(outgoing) resources for the year Transfers between funds 84,580 14,026 81,719 2,861 Balance at 31 st January 2024 98,606 84,580 11. RESTRICTED INCOME FUNDS 2024 2023 Balance at I st February 2023 Net incoming/(outgoing) resources for the year Transfers between funds 141,296 119.791 (8,607) 21.505 Balance at 3 1st January 2024 132,689 141,296 12. LEGAL STATUS Serve in Solidarity Ireland is a Company Limited by Guarantee. Each member has awed to contribute £1 in the event of a compulsory winding up. Serve in Solidarity Ireland is registered with The Charity Commission for Northern Ireland, Charity Number 100037. Date of registration 28th April 20 14. Serve in Solidarity Ireland is a recognised Charity within the definition of Section 360(3) Income and Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue. Page 29